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Fixstars Corporation attracts strong buying interest on upward earnings revision and dividend increase for fiscal year ending September 2026
Fixstars Corporation <3687> attracted strong buying interest, gapping up at the open and breaking above its 75-day moving average. The company is a pioneer in quantum computing and software acceleration, currently benefiting from robust demand in the autonomous driving and semiconductor sectors.
After the market close on the 14th, Fixstars revised its earnings forecast for the fiscal year ending September 2026. The company raised its operating profit forecast to 3.1 billion yen from 2.6 billion yen, representing a 20% increase year-on-year. While Fixstars was already expected to achieve record profit under the previous guidance, this revision marks a further upgrade. Following the strong performance, the company also raised its annual dividend forecast to 19 yen from the previous plan, up 1 yen from 18 yen in the previous fiscal year.
The stock price had entered a correction phase after hitting an intraday high of 1,499 yen on May 11, but renewed buying emerged following the upward revision.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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